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HK Hot Stocks-BEA falls after bank says not in M&A talks
By: AFX | 12 Nov 2009 | 10:40 PM ET
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HONG KONG, Nov 13 (Reuters) - By 0315 GMT, the benchmark Hang Seng Index had risen 0.44 percent to 22,486.46. The China Enterprises Index of top locally listed mainland Chinese stocks was up 0.54 percent at 13,396.60. Here are some of the stocks on the move: * Shares in Bank of East Asia, Hong Kong's No.5 bank, fell 3.8 percent to HK$32.75 after the lender said it was not in talks on a potential acquisition. Rumours that Malaysian conglomerate Guoco Group could be interested in BEA sent the bank's shares up 26 percent in the last two days. "The bank confirms that there are no negotiations or agreements relating to intended acquisitions or realisations ... which is or may be of a price-sensitive nature," BEA said in a statement on Thursday.. * Shares in Simsen International jumped as much as 52 percent to HK$0.47, its highest since November 2007, after the brokerage said its controlling shareholders are in preliminary talks with a potential acquirer. "The possible disposal, if materialised, may result in the potential investor being required to make a mandatory offer for all issued shares," Simsen said, adding that it is in accordance with takeover laws. By 0254 GMT, the stock, which was the top percentage gainer in Hong Kong, traded at HK$0.41, up 31 percent from the previous close. * Taifook Securities rose as much as 9.9 percent to to HK$5.00, its highest since January 2008, after Reuters reported on Thursday that China Construction Bank was in talks to buy control of the brokerage to give it a solid footing in Hong Kong's lucrative retail securities market. . By 0226 GMT, the stock, which jumped 13 percent on Thursday, traded near HK$4.76, up 4.6 percent from the previous close. (Reporting by Sui-Lee Wee, Editing by Jacqueline Wong and Jonathan Hopfner) ((suilee.wee@thomsonreuters.com; +852 2843 6314; Reuters Messaging: suilee.wee.reuters.com@reuters.net)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia...... Japan........ S.Korea.... S.E.

Asia............ Hong Kong... Taiwan..... Australia/NZ......... India....... China...... OTHER MARKETS: Wall Street........... Gold......... Currency.. Eurostocks........... Oil........... JP bonds... ADR Report.......... LME metals.. US bonds... Stocks News US... Stocks News Europe... DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Taiwan diary Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Hong Kong Dollar LME price overview Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

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